Experian and Fair4All Finance Partner to Expand Debt Consolidation Solution in UK
Summary
Experian and Fair4All Finance are partnering to expand ReFi, a debt consolidation solution in the UK. The initiative uses a £1 million grant to promote technology that settles existing debts directly with creditors and reduces the double-counting problem in affordability checks. Experian plans to scale the solution through more lenders on its marketplace and help more borrowers qualify for consolidation loans. The effort targets financial inclusion by lowering monthly payments and improving access to credit for consumers with revolving debt.
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Human Resources
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SaaS
Data Analytics Software
Identity Verification Software
Linked Companies
Experian plc
$1B+